Silver Consumer Electricals Ltd (SCEL) has filed draft papers with Sebi to raise ₹1,400 crore via IPO, comprising a ₹1,000 crore fresh issue and a ₹400 crore Offer for Sale.
₹865 crore will go toward repaying borrowings, ₹35 crore for subsidiary BAPL’s borrowings, and the remainder for general corporate purposes.
Rajkot-based SCEL manufactures pumps, motors, solar pumps, fans, lighting products, and agricultural equipment under the “Silver” and “Bediya” brands, and also supplies to OEMs.
As of March 31, 2025, SCEL’s annual capacity includes 24 lakh pumps and motors, 72 lakh fans, 2.19 crore lighting units, and 72,000 agricultural equipment units.
Silver Consumer Electricals Files Draft Papers with Sebi; Aims to Raise ₹1,400 Cr via IPO
The IPO comprises a fresh issue of shares worth 41,000 crore and an Offer for Sale valued at ₹400 crore, according to the Draft Red Herring Prospectus filed on Thursday
Silver Consumer Electricals Justdial
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Silver Consumer Electricals Ltd has filed preliminary papers with markets regulator Sebi, seeking its approval to raise ₹1,400 crore through an Initial Public Offering (IPO).
The IPO comprises a fresh issue of shares worth 41,000 crore and an Offer for Sale (OFS) valued at ₹400 crore, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.
Of the fresh issuance amount, the company will use ₹865 crore to repay or prepay its borrowings and ₹35 crore to clear the borrowings of its subsidiary, BAPL, and the rest for general corporate purposes. The Rajkot-headquartered SCEL is a large-scale manufacturer of electrical consumer durables, including pumps and motors, solar pumps and controllers, fans, lighting, other consumer electrical products and agricultural equipment.
As of March 31, 2025, the company's installed capacity includes 24 lakh units of pumps and motors, 72 lakh units of fans, 2.19 crore units of lighting products, and 72,000 units of agricultural equipment.
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SCEL operates under a dual business model-- marketing its products under the "Silver" and "Bediya" brands, and designing, manufacturing, and supplying products to leading Original Equipment Manufacturers (OEMs) in India.
Motilal Oswal Investment Advisors, ICICI Securities, JM Financial and Choice Capital Advisors have been appointed as lead managers to manage the public issue.
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